Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s): PEYUF

Energy Oil & Gas E&P

Peyto Exploration & Development Corp. is a Canadian energy company involved in the development and production of natural gas, oil and natural gas liquids in Alberta's deep basin. The Alberta Deep Basin is a geologic setting situated on the northeastern front of the Rocky Mountain belt in the deepest part of the Alberta sedimentary basin. It acquired Repsol Canada Energy Partnership (Repsol Assets), which included around 23,000 barrels of oil equivalent per day of low-decline production and 455,000 net acres of mineral land. The acquisition includes five operated natural gas plants with combined net natural gas processing capacity of around 400 million cubic feet per day, 2,200 kilometers (km) of operated pipelines, and a 12 MW cogeneration power plant. These assets include Edson Gas Plant and the Central Foothills Gas Gathering System. The Company has a total proved plus probable reserves of approximately 7.8 trillion cubic feet equivalent (1.3 billion barrels of oil equivalent).

TSX:PEY - Post by User

Peyto Exploration & Development Corp > No problem 😉 with divy and maybe increase it??

<< Previous

Bullboard Posts

Next >>

Post by Singoa58on Mar 07, 2024 6:06pm

214 Views

Post# 35921573

No problem 😉 with divy and maybe increase it??

We stand by that dividend: Peyto CEO

Jean-Paul Lachance, president and CEO of Peyto Exploration & Development, joins BNN Bloomberg to talk about its dividend amid weak natural gas prices. Last week, TD questioned the sustainability of the payout, but Peyto's CEO insists that the company's hedging and diversified source of revenue means it can cover 11 cents per month.

<< Previous

Bullboard Posts

Next >>

Sirios Resource discovers visible gold in Quebec